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1 December, 18:54

Penny deposits $800 into a bank account for 5 years. If the account has a 6% yearly simple interest rate, what is the interest?

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Answers (2)
  1. 1 December, 19:39
    0
    800*5 is 4,000.00

    4,000.00 * 6% is 240.00
  2. 1 December, 21:33
    0
    48 for one year 240 for all five years
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